The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

WireTap 1400 19/04/12

A round-up of the key stories across the specialist financial media, including news that France and Spain sold the number of bonds they had aimed for at auction, though in Spain's case at an increased yield.


France, Spain clear bond auction hurdle

France and Spain sold all the bonds they wanted at auction on Thursday, though for Spain the cost was rising yields, indicating growing concerns the government will not be able to tame its deficit.

Click here for the full story


Morgan Stanley beats estimates as trading gain tops peers

Morgan Stanley, owner of the world’s largest brokerage, reported first-quarter results that beat analysts’ estimates as fixed-income trading revenue climbed more than at any other major U.S. bank.

Click here for the full story


BofA sees rebound in trading

Bank of America reported improved core profits for the first quarter, aided by a rebound in trading revenues but unlike its peers failed to turn a profit in mortgages, showing the persistent problems in that business.

Click here for the full story


Caixabank’s profits slump on higher provisions

Caixabank, the bank floated by the Barcelona-based La Caixa savings bank last year, said its net profit in the first quarter of this year fell 84 per cent to €48m from €300m in the same period of 2011 after a “huge effort” in bad loan provisions.

Click here for the full story


European stocks higher 

European stock markets pared gains and Spain's 10-year government bond yield rose as concerns about the country's debt problems rumbled on.

Click here for the full story


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree